Which of the following lowers the price of a country's exports on world markets and increases the price of imports?

Question

Quizplus · Accepted Answer

Devaluation is the process of reducing the value of a country's currency relative to other currencies. This lowers the price of a country's exports on world markets and makes them more affordable for foreign buyers. At the same time, it increases the price of imports, making them more expensive for domestic consumers.

Which of the Following Lowers the Price of a Country's